Richardson Electronics sells majority of Healthcare segment to DirectMed Imaging for $8.2M

RICHARDSON ELECTRONICS, LTD.

Purchase price $8.2M cash, subject to working capital adjustment; transaction closed Jan 24, 2025.
Assets sold include IMES business and ALTA tube inventory; Richardson retains CT X-ray tube manufacturing.
Richardson enters 10-year exclusive supply agreement for repaired Siemens CT X-ray tubes with DirectMed.
Remaining healthcare operations consolidated into PMT segment to focus on Green Energy Solutions.
Non-compete and non-solicitation covenants restrict Richardson in US for IMES business for agreed period.

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